Watertown Savings Bank in Watertown, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Watertown Savings Bank - Overview

  • General
  • FDIC Certificate #: 15990
    Status: Active
    Federal Reserve ID: 298218
    Date Established: January 01, 1894
    WWW: http://www.watertownsavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 10221
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: July 31, 2010
    Last Structure Change Process Date: September 29, 2010
    Last Data Update: September 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Clinton Street, Watertown, NY 13601
    County: Jefferson
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Watertown-Fort Drum, NY (#48060)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $453.9 mil
    Equity capital: $61.0 mil
    Deposits held in domestic offices: $389.7 mil
    Return on assets (ROA): 0.87% ($3.9 mil)
    Quarterly return on assets: 0.70% ($3.2 mil)
    Return on Equity (ROE): 6.59% ($4.0 mil)
    Quarterly return on equity: 5.25% ($3.2 mil)
    Net income: $3.9 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.26% ($5,719.2 mil)
    Quarterly Pretax return on assets: 1.04% ($4,720.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 106Total employees (full-time equivalent)
  • $453,902Total assets
  • $42,240Cash and due from depository institutions
  • $30,429Interest-bearing balances
  • $103,545Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $254,250Net loans & leases
  • $2,580Loan loss allowance
  • $0Trading account assets
  • $17,505Bank premises and fixed assets
  • $470Other real estate owned
  • $13,302Goodwill and other intangibles
  • $453,902Life insurance assets
  • $22,590All other assets
  • $392,875Total liabilities and capital
  • $389,675Total liabilities
  • $284,231Total deposits
  • $389,675Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,200Subordinated debt
  • $61,027All other liabilities
  • $61,027Total equity capital
  • $61,027Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $8,504Surplus
  • $52,523Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,392Income earned, not collected on loans
  • $186Earning assets
  • $1,408Long-term assets (5+ years)
  • $388,224Average Assets, year-to-date
  • $137,780Average Assets, quarterly
  • $445,047Volatile liabilities
  • $453,309Insider loans
  • $372,961FHLB advances
  • $434,426Loans and leases held for sale
  • $12,351Unused loan commitments
  • $10,976Tier 1 (core) risk-based capital
  • $47,686Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,375Total unused commitments
  • $48,988Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,493Total interest income
  • $2,098Total interest expense
  • $14,395Net interest income
  • $735Provision for loan and lease losses
  • $4,172Total noninterest income
  • $0Fiduciary activities
  • $1,612Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,560Additional noninterest income
  • $12,074Total noninterest expense
  • $6,517Salaries and employee benefits
  • $1,216Premises and equipment expense
  • $4,341Additional noninterest expense
  • $5,758Pre-tax net operating income
  • -$132Securities gains (losses)
  • $1,755Applicable income taxes
  • $3,871Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,871Net income attributable to bank
  • $0Net charge-offs
  • $3,871Cash dividends
  • $137Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 3.79%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 6.59%Return on equity (ROE)
  • 6.59%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 536.50%Credit loss provision to net charge-offs
  • 47.39%Efficiency ratio
  • 64,087Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 22.65%Noncurrent assets plus other real estate owned to assets
  • 2.61%Noncurrent loans to loans
  • 4.44%Net loans and leases to deposits
  • 65.25%Net loans and leases to core deposits
  • 67.50%Equity capital to assets
  • 13.44%Core capital (leverage) ratio
  • 10.98%Tier 1 risk-based capital ratio
  • 12.79%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $445,047Average earning assets
  • $58,720Average equity
  • $379,882Average loans

List of branches

  • 10 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010221Watertown Savings Bank111 Clinton Street, Watertown, NY 13601January 01, 1894Full Service Brick and Mortar
    1236404State Street Branch1816 State Street, Watertown, NY 13601November 04, 1963Full Service Brick and Mortar
    2236405Adams Branch10729 Us Route 11, Adams, NY 13605November 07, 1966Full Service Brick and Mortar
    3236406Watertown Branch101 Commerce Park Dr, Watertown, NY 13601December 04, 1989Full Service Brick and Mortar
    5236408Clinton Street Branch140 Clinton Street, Watertown, NY 13601September 04, 1996Limited Service Facility
    6236409Sackets Harbor Branch100 West Main Street, Sackets Harbor, NY 13685December 14, 1998Full Service Brick and Mortar
    7467790Chaumont Branch12221 Nys Route 12e, Chaumont, NY 13622August 01, 2007Full Service Brick and Mortar
    9214929Alexandria Bay Branch4 Market Street, Alexandria Bay, NY 13607April 06, 1998Full Service Brick and Mortar
    10453561Clayton James St Branch352 James Street, Clayton, NY 13624September 19, 2005Full Service Brick and Mortar
    11480762Wsb Municipal Bank Branch111 Clinton Street, Watertown, NY 13601June 30, 2008Limited Service Administrative

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